1. © 2014 Cengage Learning. All Rights Reserved.
Learning Objectives
LO1 Define what a journal is and explain why it is used to record transactions.
LO2 Compare and contrast different types of source documents.
LO3 Identify the four parts of a journal entry.
© 2014 Cengage Learning. All Rights Reserved.

2. Journals and Journalizing
Lesson 3-1
Journals and Journalizing
LO1
journal.
journalizing.

3. Lesson 3-1
General Journal
LO1

4. A General Journal Accuracy Chronological record
Lesson 3-1
A General Journal
LO1
Accuracy
Chronological record
Double-entry accounting
entry.
double-entry accounting.

5. Lesson 3-1
Source Documents
LO2
source document.

6. Lesson 3-1
Checks
LO2
check.

7. Lesson 3-1
Invoice
LO2
invoice.

8. Sales Invoice sales invoice. sales ticket or a sales slip. LO2
Lesson 3-1
Sales Invoice
LO2
sales invoice.
sales ticket or a sales slip.

9. Lesson 3-1
Receipt
LO2
receipt.

10. Lesson 3-1
Memorandums
LO2
memorandum.

11. Lesson 3-1
Calculator Tapes
LO2

12. Received Cash from Owner as an Investment
Lesson 3-1
Received Cash from Owner as an Investment
LO3
Cash
2,000.00
January 2. Received cash from owner as an investment, $2, Receipt No. 1.
Michael Delgado, Capital
2,000.00 1
Date 2
Debit 4
Source Document
Credit 3
1. Write the date in the Date column.
2. Write the title of the account debited in the Account Title column. Write the debit amount in the Debit column.
3. On the next line, indented about one centimeter, write the title of the account credited in the Account Title column. Write the credit amount in the Credit column.
4. Write the source document number in the Doc. No. column.

13. Lesson 3-1
Paid Cash for Supplies
LO3
Supplies
165.00
January 2. Paid cash for supplies, $ Check No. 1.
Cash
165.00 1
Date 2
Debit 4
Source Document
Credit 3
1. Write the date in the Date column.
2. Write the title of the account debited in the Account Title column. Write the debit amount in the Debit column.
3. On the next line, indented about one centimeter, write the title of the account credited in the Account Title column. Write the credit amount in the Credit column.
4. Write the source document number in the Doc. No. column.

14. Lesson 3-1 Audit Your Understanding
In what order are transactions recorded in a journal?
Why are source documents important?
List the four parts of a journal entry.